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CR-News
CR-Events
Crane Company Acquires Trillium Flow Technologies Pump Business
Crane Company announced that it has entered into a definitive agreement to acquire the U.S. pump business from First Reserve-Backed Trillium Flow Technologies. The transaction is expected to close in the fourth quarter and will be subject to customary closing conditions, including applicable regulatory approvals. "These brands are an excellent strategic fit that enhances the quality, durability, and growth profile of our Process Flow Technologies segment," said Alex Alcala, President and Chief Executive Officer of Crane Company. "It expands our position in highly engineered pump technologies, increases our exposure to resilient water and wastewater markets, and brings a large installed base that generates recurring aftermarket demand. Just as importantly, we see multiple opportunities to increase the development of innovative products and solutions for our customers and create value by combining these strong brands and technologies with Crane's proven operating system and commercial excellence capabilities."
Company Raises Sales Growth Outlook to Mid-20%
Consensus $6.82. Total sales are now expected to grow in the mid-20% range, up from our prior guidance of low-to-mid-20%, driven by acquisitions and core sales growth of 5-6%, which is now expected to be at the high end of our prior 4-6% guidance range.
Crane Reports Q2 Revenue of $724.7M
Reports Q2 revenue $724.7M, consensus $706.07M. Alex Alcala, Crane's President and Chief Executive Officer, stated: "We delivered record quarterly results which exceeded our expectations, reflecting strong execution across the company. Aerospace & Advanced Technologies generated better-than-expected growth, demand at Process Flow Technologies remained stable, and all four recent acquisitions are performing ahead of plan. Combined with 5% core sales growth and strong operating leverage across all businesses, these results underscore the quality of our portfolio and the effectiveness of our operating model."
Equity Futures Slightly Up, Tech Stocks Perform Strongly
Equity futures have reopened slightly higher, with S&P e-minis and Nasdaq 100 contracts both trading up a decimal, following headlines that Iranian negotiators have submitted another proposal to regional mediators, offering a halt on attacking ships in the Strait of Hormuz in exchange for a full end to the war. Energy markets are not budging in preserving a geopolitical premium to start the week however, with WTI Crude Oil still trading north of $95 per barrel. In precious metals, Gold and Silver prices continue to trade sideways above $4,700 and $75 per ounce respectively.With earnings season ramping up this week, investors remain focused on the broadbased rally in the Tech space of late. Semiconductors in particular have outperformed, with the VanEck Semiconductor ETFnow up a whopping 40% from its late-March lows. Nvidiaset new record highs today above $215 per share, while Alphabet'srecord high above $350 propelled Communication Services to the top of S&P 500 sectors for the day. Consumer Defensive sector - one of the worst performers over recent weeks and months - remained under pressure, with outsized losses seen among the "dollar-store" names Dollar Treeand Dollar General.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Bed Bath & Beyondup 27.2%Kforceup 21.1%Sanmina (up 13.8%LendingClubup 13.8%Solaris Energy Infrastructureup 13.0%Craneup 6.6%Nucorup 3.8%Cadenceup 1.0%DOWN AFTER EARNINGS -Rambusdown 11.2%Celesticadown 8.5%Ranger Energy Servicesdown 6.0%Amkor Technologydown 3.1%ALSO LOWER -Erascadown 37.1% after disclosing preliminary dose escalation data for ERAS-0015Qiagen N.V.down 5.5% after Q1 pre-announcement
Crane Reports Q1 Revenue of $696.4M, Exceeds Consensus
Reports Q1 revenue $696.4M, consensus $672.73M. Alex Alcala, Crane's President and Chief Executive Officer, stated: "We delivered a very strong start to 2026, generating 15% adjusted EPS growth in the first quarter. Results exceeded our expectations with the majority of our outperformance driven by outstanding execution and momentum across our recent acquisitions which are already contributing meaningfully to earnings growth. Our legacy business also performed well, with nearly 4% core sales growth and solid operating leverage."
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